Tagged: housing

Michigan’s home foreclosure rate has "plummeted" during the past 24 months, according to a new report.

According to Realty Trac, home foreclosure activity in Michigan dropped about 23 percent last year compared to 2011  and 43 percent compared to 2010.

Daren Bloomquist is with Realty Trac.  He says Michigan still has one of the highest home foreclosure rates in the nation.

TAYLOR, Mich. (AP) - Fights in a line of several thousand people seeking applications to get on a waiting list for housing vouchers in a Detroit area community forced police to cancel the event.

The Taylor Housing Commission says Saturday in a release that upward of 4,000 people arrived ahead of the 9 a.m. start to get Section 8 voucher applications.

Some people began lining up Friday evening at the Taylor Human Services Building, southwest of Detroit.

The Detroit Free Press reports that four people were arrested for disorderly conduct.

Homeless Awareness Week in Michigan is November 10-18. The idea is to highlight the causes of homelessness and the issues that homeless people face. There are events planned in Grand Rapids, Kalamazoo, Lansing, Port Huron, and other towns.

In Livingston County a group of people will live in their cars for 24 hours and eat only what they can buy with about $5 in food stamps, in order to raise awareness.

Detroit’s home foreclosure rates are dropping.

Realty Trac reports Detroit now has the 39th highest home foreclosure rate in the country. That's a big change from a few years ago, when Detroit routinely ranked in the top ten.

In September,  Detroit’s home foreclosure rate was at its lowest point since September, 2006. 

Daren Bloomquist is with Realty Trac.    He says Detroit’s foreclosure numbers are improving, but he says more than half of Wayne County homeowners are ‘underwater” on their mortgages.

Michigan’s home foreclosure rate could soon reach a milestone.

A few years ago the state's foreclosure rate was near the top of the fifty state list.

But Daren Bloomquist with Realty Trac says the latest data shows Michigan is poised to drop out of the top ten, possibly by the end of the year.

"It’s still in that top ten…but it’s moving down," says Bloomquist,  "(Michigan) had often been showing up in the top five over the last few years….now it’s moved down to number nine in September.”